North Hill Apartments Inc

Analysis

North Hill Apartments Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Hill Apartments Inc reported income of $548k and spending of $88k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $548k (+285%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 600%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Hill Apartments Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Mhany 2005 Housing Development Fund Corporation ($548k), St Michael Veterans Center Inc ($548k) and Village Oduduwa Corporation of Marin City ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $680k.